The payment application of TCM,how does it land ? — — AMA

TCM_labs
5 min readJul 12, 2021

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1. How TCM lowers the threshold for users to use

New users can make payments directly after simple registration, no need to buy coins, no need to understand complex logic, such as helper words, gas fees, transfers, etc. All optimized on TCM, it has no threshold and is more friendly than all previous wallets. Of course, it is still a distributed application and the user’s assets are safe.

2. How to ensure user stickiness and continuous use of TCM

After using TCM, both payment and receiving parties will get pending mines, and the system produces stable coins every day, users can collect the revenue and turn it into cash every day.

3. What is the advantage of promotion?

TCM is easy to promote — — old users can transfer any amount of TCM/USDX to new users, and merchants can generate permanent referral relationship by collecting money from new users.

Rich income:

Referring new users: When a new user makes a payment, the direct referrer is rewarded with 0.8% of the payment amount of TCM, and the indirect referrer is rewarded with 0.6% of the payment amount of TCM.

Referring merchant: When a merchant receives payment and its referrer is also a merchant, the direct and indirect referrer will be rewarded with 0.8% and 0.2% of the collection amount of TCM respectively

4. What are the advantages of becoming a merchant?

Any user can stake 100TCM to become a merchant and automatically open the collection function. The collection deducts 15% of the transaction amount of USDX and produces 20% of the mine to get a TCM mining, while the live transaction will also have a certain profit.

For merchants in retail and other industries, they can choose to lower the profit of their products/services to gain greater revenue in mining or referral rewards, in addition to using TCM to easily form user stickiness to increase sales.

5. How to view the logic of consumer mining

Consumption yield mining is a set of smart contracts, consumption 100 yield mining 80, collection 100 yield mining 20, users receive stable coins USDX every day, the collection process will deduct 15% of USDX for consumption yield mining and distribution.

First of all, all users share the public computing power, and the data is on the chain to ensure the fairness of the rules. Secondly, the funds are safe, no one can take funds from the pool in any other way than daily mining production. Furthermore, it is intelligent, the arithmetic power will be automatically adjusted, and the production mine will be calculated automatically.

6. What methods are used in TCM to stimulate users to pay

First payment bonus: The first payment bonus is up to 10 TCM, users can experience the consumption of mining

Large payment reward: Whenever the user’s payment amount reaches 100u, 300u, 600u for the first time (referring to a single payment amount, not cumulative), a considerable amount of TCM will be rewarded to develop a large payment habit.

The average value of the pending mine: the daily production = pending mine * arithmetic power * K. Normally, K = 1, when the user’s pending mine is reduced to below the average value, K = 0.5, when the user keeps paying until the pending mine is higher than the average value, then K = 1.

7. Automatic balancing of arithmetic power and application cycle continuation

Under the premise of safe availability, people are most concerned about the change of arithmetic power, which starts at 0.05%/day, and then changes automatically with the net increase (expended ore — increased ore), maintaining between 0.01% and 0.06% 99% of the time. It is important to note that the value is taken daily according to the system data to fit the cycle and maintain the continuation of ore production.

a.No ore production on weekends

b.User to be produced ore below (including equal to) the average value of the constant take 50%

c. Adaptive regulation

d. Community referendum to adjust public parameters

8. Token issuance rules

97% of TCM is produced by collection, 1% by bookkeeping, 1% by pledging nodes, 1% by various airdrops and developer reserves. 2.1 billion of TCM is issued in total, bookkeeping, node pledging and reserved coins are produced slowly, it has very good coin control measures.

9.TCM coin price influencing factors

The main aspects that affect the price of the coin are as follows.

100% of the funds in the subscription pool are used to buy back TCM at DEX

5% of each payment to repurchase TCM at DEX at 0.01U above market price

Generate merchants and nodes need stake TCM, and need to wait a week to retrieve staked

Release 10,000 TCM for each additional 50,000 U payout for node subscription

Vote destruction mechanism, which burns a batch of TCM with each proposal governance vote

10. How do ordinary investors profit from this business model?

a.Participate in the first round of airdrop, as much as possible to complete the task, up to a total of 500,000

b.Be a merchant : Use the TCM obtained from the airdrop to become a merchant (stake 100 TCM, Can be cancelled), promote new users to build their own community, with community rewards: direct promotion 0.8% + indirect promotion 0.6% / time

c. Promote merchant: enjoy the flow commission reward: 0.8% for direct promotion + 0.2%/ time for indirect promotion

d. Do payment, enjoy payment airdrop rewards

e. Vote rewards: Stake TCM to participate in voting, earn voting rewards

f. Be a node, enjoy long-term sub-mining income, (stake 10000TCM)

11. How to ensure the stability and security of the distributed network

In addition, when the number of nodes reaches a certain size, the bookkeeping nodes will be opened to the market, and you need to win the bookkeeping right to enjoy the bookkeeping minerals. The greater the number of participating bookkeeping nodes, the better the security of the distributed network.

12. To briefly summarise the positive impact of TCM on users

Value reconstruction, improved efficiency and accelerated consumption cycle

For consumers: enjoy the discounts brought by TCM payments, lower the threshold for large purchases, such as buying a house or a car to reduce the pressure of installment payments

For merchants: promote the flow of goods, increase sales and profits.

13. Talk about the vision of TCM

This is a universal application, not limited to national regions and industry sectors, it has a very large imagination. We plan to keep optimising its performance in the first 6 months, and finish implanting the anonymity property in 18 months. The blockchain needs real privacy, and as it gradually goes smoothly, eventually we return all the permissions to the community, where it belongs to everyone, from birth.

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TCM_labs
TCM_labs

Written by TCM_labs

TCM blockchain digital payment is a supplement to traditional payment. It is anonymous, consumers and merchants have no barriers to use and win-win.

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